TLDR:
- General Catalyst acquires Venture Highway to invest $500 million-1 billion in Indian startups
- Combined entity to be called General Catalyst India
Silicon Valley-based VC firm General Catalyst has acquired New Delhi-based early-stage investor Venture Highway with plans to invest $500 million-1 billion in India. The new entity, General Catalyst India, will focus on early- and growth-stage investments in the country. Venture Highway, co-founded in 2014 by Neeraj Arora, has investments in startups like Meesho and Moglix. General Catalyst, with assets worth over $25 billion globally, has backed startups like CRED and Spinny in India. Various VC firms like Accel and Nexus Venture Partners have also raised substantial funds to invest in Indian startups. General Catalyst sees India’s economic, political, and strategic importance growing and emphasizes the need for a deeper understanding of the country’s diverse culture and consumer psychology.
